Price Action Alert: Apple Inc. Stock Price Increases Today

November 11, 2016November 11, 2016Louis Casey

The stock of Apple Inc. (NASDAQ:AAPL) is a huge mover today! About 17.39 million shares traded hands. Apple Inc. (NASDAQ:AAPL) has declined 1.13% since April 11, 2016 and is downtrending. It has underperformed by 7.27% the S&P500.
The move comes after 5 months positive chart setup for the $561.34B company. It was reported on Nov, 11 by Barchart.com. We have $149.44 PT which if reached, will make NASDAQ:AAPL worth $213.31B more.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Out of 41 analysts covering Apple Inc. (NASDAQ:AAPL), 36 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 88% are positive. Apple Inc. has been the topic of 188 analyst reports since July 21, 2015 according to StockzIntelligence Inc. BTIG Research maintained it with “Buy” rating and $133 target price in Thursday, September 15 report. As per Friday, September 4, the company rating was maintained by Wells Fargo. Goldman Sachs maintained the shares of AAPL in a report on Wednesday, October 26 with “Buy” rating. The firm earned “Buy” rating on Friday, August 7 by Robert W. Baird. As per Wednesday, January 27, the company rating was maintained by Barclays Capital. The firm has “Buy” rating given on Wednesday, July 27 by Drexel Hamilton. BMO Capital Markets maintained the shares of AAPL in a report on Friday, September 11 with “Buy” rating. PiperJaffray maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, October 26. PiperJaffray has “Overweight” rating and $155 price target. The stock of Apple Inc. (NASDAQ:AAPL) has “Strong Buy” rating given on Thursday, September 17 by S&P Research. The stock has “Overweight” rating given by Pacific Crest on Thursday, October 13.

According to Zacks Investment Research, “Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Apple Inc. is headquartered in Cupertino, California.”

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 24 insider sales for $185.97 million net activity. COOK TIMOTHY D sold $35.82 million worth of Apple Inc. (NASDAQ:AAPL) on Wednesday, August 24. AHRENDTS ANGELA J had sold 50,000 shares worth $5.00 million. Maestri Luca sold $1.20M worth of Apple Inc. (NASDAQ:AAPL) on Wednesday, August 17. $4.97M worth of Apple Inc. (NASDAQ:AAPL) was sold by Cue Eduardo H on Friday, May 27. Srouji Johny also sold $798,000 worth of Apple Inc. (NASDAQ:AAPL) shares. Riccio Daniel J. sold 40,755 shares worth $4.08M. SEWELL D BRUCE had sold 23,305 shares worth $2.51 million on Friday, August 5.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Fool.com which released: “Why This Apple Inc. Supplier’s Margin Cratered” on November 09, 2016, also Fool.com with their article: “InvenSense Inc.’s Risky Reliance on Apple Inc.” published on November 08, 2016, Fool.com published: “Apple, Inc. Is Still Working on Cracking India” on November 08, 2016. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “3 Revelations From Apple Inc. Job Listings” published on November 08, 2016 as well as Fool.com‘s news article titled: “Here’s Why Apple Inc. Waited So Long to Release New MacBook Pro Computers” with publication date: November 08, 2016.

AAPL Company Profile

Apple Inc., incorporated on January 3, 1977, designs, makes and markets mobile communication and media devices, personal computers and portable digital music players. The Firm sells a range of related software, services, accessories, networking solutions and third-party digital content and applications. The Company’s divisions include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company’s other operating divisions. The Company’s services and products include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.